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Former England rugby prop Mako Vunipola has confirmed he will be joining Leicester Tigers this summer. The 35-year-old, who has 79 England caps and was part of three British & Irish Lions tours, will reunite with his former England teammate and Leicester head coach, Geoff Parling.Vunipola, currently playing for Vannes in France's ProD2, has opted to extend his career by a year with the Tigers. Parling expressed his excitement about Vunipola's addition, highlighting his experience and skill as valuable assets to the team.“He was hungry for the chance to come back to the Prem and finish in the comp he knows best,” Parling said. The signing is seen as a significant boost to Leicester's pack for the upcoming season.Vunipola spent 13 years of his career at Saracens and will also mentor Leicester's academy youngsters with a view to a possible future coaching career.“It still hasn’t sunk in,” Vunipola said. “It’s something I would never have envisaged but I am honoured to be part of this prestigious club. Tigers are an incredibly well‑supported club and their fans are so passionate about their rugby.”In other rugby news, Exeter Chiefs have announced the signing of Sam Harris from Bath on a two-year deal. Additionally, Leinster and South Africa have been dealt a blow with RG Snyman likely to be out for the rest of the year due to a knee injury.

Kuwait's Ministry of Electricity confirmed that an Iranian attack on a power and water desalination plant resulted in the death of an Indian worker and significant material damage to a service building. The attack is part of Iranian aggression against Kuwait, according to the ministry.Emergency response teams were quickly dispatched to the site to manage the aftermath and ensure continued operations. The incident occurred as regional tensions spike following the start of the US-Israeli war on Iran over a month ago.Iranian forces have retaliated against Israel and countries hosting US military assets with drone and missile strikes, causing casualties and infrastructure damage. The conflict has also led to Iran effectively blocking the Strait of Hormuz, a critical passage for 20% of global oil and liquefied natural gas, driving up energy prices and unsettling financial markets.The vulnerability of critical water infrastructure in one of the world's most water-scarce regions has been exposed by the war. Kuwait has faced repeated attacks since the conflict began, including the detection of 14 missiles and 12 drones in its airspace, with several targeting a military camp and injuring 10 servicemen.The US and Israeli attacks on Iran have killed over 2,000 people, including high-ranking officials and children, and destroyed critical infrastructure. The situation remains volatile, with US President Donald Trump pausing threatened attacks on Iranian energy plants until April 6, and Iran vowing to respond to any attacks on its facilities with strikes on energy sites across the Gulf region.

The impending retirement of millions of small business owners, primarily from the baby boomer generation, poses a significant challenge for the US economy. According to the Small Business Administration, there are approximately 33 million small businesses in the US, but fewer than 7 million employ people. The rest are often solo operations or side gigs with little to no value if the owner were to suddenly disappear. Many small business owners, like the author, operate in a service-based economy, which accounts for 77% of US GDP. These businesses are often built around the owner, with no hard assets to sell, making them unattractive to potential buyers. The author's own business is a prime example, with no valuable assets, a virtual office, and remote employees. A recent McKinsey report predicts a "great ownership transfer" over the next 10 years, with as many as 6 million small and midsize American businesses changing hands. However, without intentional action, many viable small businesses may close rather than transfer ownership. So, what are the options for these business owners? They could hand down the business to their kids, but this only works if the kids are interested and capable. Another option is to build an actual business with value by changing billing models, enforcing contracts, and creating a sustainable brand. However, this approach can be exhausting, especially for older business owners. A more practical approach for service business owners is to build cash and save for retirement. The author has been pulling profits out of their company and saving, planning for retirement through their savings rather than their business. This transition presents a great opportunity for younger entrepreneurs, who could partner with or purchase businesses from older owners, leveraging their existing operations, customers, and relationships to make improvements and grow the business.

The ongoing conflict in Iran has caused significant turmoil in the global oil markets, with Brent crude oil prices climbing 51% since the start of March, according to LSEG data. This surge has put Brent crude on track for its biggest monthly gain on record, surpassing the previous record of 46% set in September 1990 during the first Gulf War.On Friday, Brent crude closed at $112.57 a barrel, up from $72.48 a barrel on February 27, the day before the US-Israeli war on Iran began. The price of Brent crude traded as high as $119.50 a barrel during March, its highest level since June 2022, after Iran largely closed the Strait of Hormuz, a critical passage for a fifth of global oil and gas.Despite a coordinated release of 400m barrels of oil from emergency reserves announced on March 11, oil prices continued to climb throughout the month. Analysts at BloombergNEF estimate that 9m barrels of oil per day have been knocked off global oil supply due to the Middle East conflict.The conflict has also had a ripple effect on other assets, with gold prices falling by almost 15% since the start of March, on track for its worst month since 2008. The spot price of gold has been under pressure from the sale of about $3bn of bullion by the Turkish Central Bank last week, which cut its reserves by almost 50 tonnes to 772 tonnes to fund efforts to stabilize the Turkish lira.The Dow Jones industrial average has also been impacted, entering a correction at the end of last week, more than 10% below its record high. Stocks fell despite US President Donald Trump's latest extension on planned strikes against Iran's energy infrastructure, as investors anticipated prolonged disruption to oil from the Gulf.“Markets appear to be placing less weight on White House jawboning and focusing more on the underlying supply risks,” said Fawad Razaqzada, an analyst at City Index. Britain's stock market also had a poor month, with the FTSE 100 index falling more than 8% – on track for its worst month since March 2020, when Covid-19 rocked financial markets.

Iranian President Masoud Pezeshkian has issued a stern warning to neighboring countries, urging them not to allow the US and Israel to use their territory to launch attacks against Iran. In a post on X, Pezeshkian emphasized that Iran does not initiate preemptive attacks but will strongly retaliate if its infrastructure or economic centers are targeted. “To the countries of the region: If you want development and security, don’t let our enemies run the war from your lands,” Pezeshkian stated. This message is part of a broader effort by Iran to prevent the escalation of the ongoing conflict with the US and Israel. The conflict began on February 28, when the US and Israel launched air strikes across Iran, resulting in the death of Supreme Leader Ayatollah Ali Khamenei. Since then, the situation has shown no signs of de-escalation, with Israel announcing daily strikes on Iran and Tehran continuing to target its arch-rival and countries hosting US military assets. In recent developments, several Gulf states have been targeted in attacks. In Kuwait, multiple drone attacks damaged the international airport's radar system, while in Abu Dhabi, strikes caused debris to fall near the Khalifa Economic Zone, injuring six people. Iran's military claimed to have struck a Ukrainian anti-drone system depot in Dubai, which it alleged supported US forces. Iranian Foreign Minister Abbas Araghchi also urged regional countries to distance themselves from the US, reiterating Iran's stance that it will not tolerate the use of neighboring territories for hostile actions. The conflict has resulted in significant disruptions across the region, with at least 15 American soldiers wounded in an Iranian attack on a Saudi airbase on Friday. The situation remains volatile, with alarm sirens activated in Bahrain and Saudi Arabia's defense ministry reporting ballistic missile and drone attacks, all of which were allegedly shot down.

Ukrainian President Volodymyr Zelenskyy has concluded defence agreements with the United Arab Emirates (UAE) and Qatar, focusing on joint expertise in countering threats from missiles and drones. The agreements were made during Zelenskyy's visit to Doha and the UAE earlier in the day. The defence pact with Qatar includes collaboration in technological fields, development of joint investments, and the exchange of expertise in countering missiles and unmanned aerial systems. This move comes as Iran continues to attack its Gulf neighbours, with Tehran insisting it targets only US assets in retaliation for the US-Israeli war on Iran. Ukraine has deployed 201 anti-drone experts to the Middle East to help Gulf nations counter Iranian drones. Kyiv has proposed swapping its interceptors for the more expensive air-defence missiles used by Gulf countries to down Iranian drones. Ukraine needs these missiles to fend off near-daily Russian missile attacks. The agreements highlight Ukraine's growing role as a leading producer of sophisticated, battlefield-proven drone interceptors. The country's expertise in downing Russian drones, which have been attacking Kyiv since the start of the full-scale invasion in 2022, is seen as a cost-effective solution for Gulf nations. For instance, Ukraine's interceptors cost around $2,000 each, compared to the $4 million cost of a Patriot missile. Zelenskyy's diplomatic tour aims to secure funding and technology in return for Middle East support. The US-Israeli war on Iran has depleted Patriot missile stocks, which concerns Ukraine as it needs these missiles to counter Russian ballistic missiles.

Saudi Arabia has urged the US to ramp up attacks on Iran, a Saudi intelligence source has confirmed, while it is weighing a decision on whether to join the fight directly. The Saudi source confirmed reporting that the kingdom’s de facto leader, Crown Prince Mohammed bin Salman, has urged Donald Trump not to cut short his war against Iran, and that the US-Israeli campaign represented a “historic opportunity” to remake the Middle East.The intelligence source said Riyadh was not just calling for the military campaign to be continued, but to be intensified. Trump appeared to confirm the report about the crown prince’s role, telling journalists on Tuesday: “Yeah, he’s a warrior. He’s fighting with us.”There are no reports of active Saudi military involvement in the nearly four-week-old war so far, but a Saudi political analyst said the kingdom was likely to take that step if current peace efforts led by Pakistan failed.“What matters now is Iran’s decision,” Mohammed Alhamed, a Saudi geopolitical analyst, said. “If Iran engages seriously, there is still a path to contain escalation. If it rejects the conditions and continues its attacks, the threshold for Saudi action will be crossed.”Alhamed added that Saudi Arabia “is not reacting impulsively”.“It is calibrating its response and preparing for a scenario where escalation, if it happens, will be deliberate and decisive,” he said, adding that Saudi Arabia “has not been pushing for war.”“It has been trying to avoid being drawn into it, while keeping all options on the table,” he said.Saudi Arabia has come under Iranian drone attack, as part of Tehran’s response to the US-Israeli attack on 28 February. One drone strike a week ago hit an oil refinery in Yanbu on Saudi Red Sea coast.The attack on Yanbu signalled an Iranian warning that it could also threaten that economic lifeline.“I believe that Saudi Arabia still maintains cautious neutrality in the Iran-Israel-US war,” Hesham Alghannam, a Saudi defence expert told Agence France-Presse. But he added: “If the Houthis strike Saudi assets, Riyadh may shift toward defensive coalition support or limited retaliation.”The crown prince solidified his hold on power by cultivating a close relationship with Trump, but will now have to rethink Saudi reliance on the US for its security, observers have argued.“MBS [Mohammed bin Salman] has lost the bet on all his investments over the last several years,” Ellie Geranmayeh, senior policy fellow at the European Council on Foreign Relations said. “He financially invested in Trump and Trump’s family and his corporation and his White House, but at the end of the day the views of the Saudis and of the whole Gulf have been sidelined by the wishes of Benjamin Netanyahu.”

Italian authorities have seized €20m (£17.3m) of assets in Tuscany, including property, vineyards, and olive groves, allegedly bought with money embezzled from the actor Ursula Andress.Andress, 90, had filed a complaint in her native Switzerland alleging a “progressive and significant depletion of her assets” by individuals charged with managing her finances, Italy’s financial crimes police said in a statement on Thursday.Prosecutors in the Swiss canton of Vaud built a picture of a “systematic misappropriation of financial resources” worth about 18m Swiss francs carried out through multiple, opaque transactions, the police said. The money was traced to Italy, where prosecutors in Florence took up the case and police began following the paper trail.They tracked it to San Casciano in Val di Pesa, near Florence, and a real-estate complex consisting of 11 units and 14 plots of land used as vineyards and olive groves, as well as works of art and other assets, the statement said. The judge for preliminary investigations of the court of Florence ordered the seizure of the entire illicit profit, up to the amount of CHF 18,000,000, to be enforced against the identified assets.No suspects were identified in the statement. Andress surged to fame thanks to a scene in the 1962 James Bond movie Dr No, in which she emerged from the sea on to a Caribbean beach in a white bikini, knife at her hip and a seashell in each hand.

The UK government has introduced a temporary ban on cryptocurrency donations to political parties, following a review into countering foreign financial influence and interference in UK politics. The ban, recommended by Philip Rycroft, a former senior civil servant, aims to allow regulators to catch up with the risks associated with crypto assets.Rycroft's review highlighted that crypto assets are used as a vehicle to channel in foreign money, posing a risk to the integrity of the political finance system. While a full ban is not deemed necessary, the moratorium will remain in place until parliament and the Electoral Commission are satisfied that new rules are effective.The Electoral Commission has warned parties that the same verification procedures for cash donations also apply to crypto donations, including checking the source of donations over £500 and reporting donations from a single source over £11,180. The commission has noted that cryptoassets present particular challenges and risks in meeting electoral law requirements.Concerns over crypto donations have been raised due to the potential for using 'mixers' to obscure the true source of a donation or AI tools to split donations, which could evade reporting thresholds. The joint committee on the national security strategy has called for a ban on crypto donations, citing the risk to the integrity of the political finance system.Only three parties have said they will accept crypto donations: Reform UK, the far-right Homeland Party, and the Other Party. Reform UK has received crypto donations, but they have not exceeded the £11,180 threshold. The party accepts crypto donations through a Polish payment platform called Radom, which claims to follow UK rules around verifying the identity of donors.